Evercore ISI Group Downgrades Park Hotels & Resorts to In-Line, Announces $18.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Richard Hightower downgraded Park Hotels & Resorts (NYSE:PK) from Outperform to In-Line and set a new price target of $18.5.
June 09, 2023 | 10:33 am
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Park Hotels & Resorts (NYSE:PK) was downgraded by Evercore ISI Group from Outperform to In-Line, with a new price target of $18.5.
The downgrade from Outperform to In-Line by Evercore ISI Group indicates a less optimistic outlook for Park Hotels & Resorts. This change in rating, along with the new price target of $18.5, could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100